For the first time in eight months, the hash Ribbon, a key indicator of the health of Bitcoin minors, has just issued a purchase signal. A rare event, often a pioneer of major reversals. While Bitcoin flirts with the $ 87,492, this technical alert is accompanied by another signal: the rupture of a historic downward trend on the RSI. Coincidence? Not if we believe the experts.
Bitcoin rocks in a “macro-upright”: the hash ribbon comes out of the shadows
Since July 2024, the hash Ribbon had no longer blinned green. His awakening, March 24, acts like an electroshococ.
Created by Capriole Investments, this tool analyzes the cycles of minors via two mobile averages in the hash rate (30 and 60 days). When the short average exceeds the long time, the capitulations fade. The miners, previously strangled by the drop in profitability, regain the hair of the beast.
A signal that transcends graphics. Historically, each activation of Hash Ribbon preceded major rallies.
In July 2024, Bitcoin still struggled to find a floor, but the Haussier movement finally swept away the skeptics. Same scenario in August 2023: After months of hesitation, the course had taken off.
Today, traders anticipate a repetition of the scheme. “It's a macro-upright trend,” said Titan of Crypto on X.
Technological dynamics as an accelerator. Ryan Lee, chief analyst at Bitget, observes an increasing correlation between Bitcoin and Tech values:
The recent increase in actions related to cryptocurrencies, in parallel with the gains of Bitcoin and Nasdaq, reflects the growing appetite for risky assets. The BTC is now treated as a technological asset rather than a simple coverage, carried by innovation and the adoption of ETFs.
RSI: the fall interrupted, the hope is reborn
But that's not all. In the shadow of Hash Ribbon, another key indicator draws a metamorphosis: the relative Strength Index (RSI).
On the weekly graphic, an upward divergence has formed for the first time since September. Translation ? The seller bursts skirt, despite prices still shy.
On the daily, the RSI has crossed a resistance in place since November. “The downward trend of several months is over,” confirms Rekt Capitaltechnical analyst. A symbolic rupture, often interpreted as the prelude to an acceleration of the courses.
For Bitcoin, it is a relief after a first trimester 2025 disappointing, marked by erratic volatility.
The convergence between Hash Ribbon and RSI is not trivial. One validates the solidity of the network, the other measures buying or seller overheating. Together, they form a coherent story: the technical fundamentals and the activity of minors align for a recovery. It remains to be seen whether institutional investors, often cautious in a period of doubt, will embark on dance.
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